7th Pay Commission latest news: It is going to be a big financial gift to around 48 lakh employees as the government is likely to pay the increased salaries as per the recommendation of the 7th Pay Commission by this financial year.
7th Pay Commission latest news: It is going to be a big financial gift to around 48 lakh employees as the government is likely to pay the increased salaries as per the recommendation of the 7th Pay Commission by this financial year. It is learnt that the government may allocate the money in the Budget 2018 for the salary hike of its employees. However, the hike may come into effect later this year, as per India.com. The centre may allocate the fund for the employees up to matrix level 5. Reports also suggest that Finance Minister Arun Jaitley is yet to give a nod to it.
The National Anomaly Committee (NAC) had earlier recommended a minimum pay to increase from 18,000 to Rs 21,000 and also increase the fitment factor from the existing 2.57 times to 3.00, beyond what has been recommended in the 7th Pay Commission. As of now, the NAC has sent the proposal through the DoPT recommending a hike of the minimum salary for the central government employees beyond the recommendations of the 7th Pay Commission. The DoPT in return has forward it to the finance ministry.
Originally, the 7th Pay Commission had recommended a hike in the basic pay to Rs 18,000 from Rs 7,000 a month, while the maximum basic pay to Rs 2.5 lakh from Rs 80,000 and fitment factor of 2.57. The central government employees, however, have sought a raise in minimum pay from Rs 18,000 to Rs 26,000 and fitment factor 3.68 times from 2.57 times, beyond the recommendations of the 7th Pay Commission.
Earlier, the Puducherry government has said that it would soon implement the recommendations of the 7th Pay Commission pay panel report for civic employees also. PWD and Local Administration Minister A Namassivayam said already the government staff had been sanctioned the revised pay structure in keeping with the recommendation of the Seventh Pay Commission. There had been demands from the employees and workers of the municipalities and commune panchayats that the pay panel report should be implemented to revise their pay structure and ensure it comes on par with government staff, PWD and Local Administration Minister A Namassivayam said in a release.